WTO Finds Irregularities in China’s Tariff-Rate Quotas on Agricultural Imports

China's trade restrictions in agriculture were not in keeping with proper procedures.

Trump Has a Deal

Trump’s trade arguments got a boost with the WTO ruling on Thursday that China’s trade restrictions in agriculture were not in keeping with proper procedures. According to the WTO, the tariff-rate quotas imposed by China on rice, wheat and corn have several legal irregularities.
The US Department of Agriculture had previously estimated that China’s tariffs prevented crops worth $3.5 billion from being imported into China from the US. This ruling could have a positive impact on American farmers who could benefit from greater access into Chinese markets once this issue is rectified.

The Chinese Ministry of Commerce, on its part, has stated that it will review the WTO report and manage tariff-rate quotas on agricultural imports in keeping with WTO rules.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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